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Dec 27, 2012
12/12
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KQED
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we found another example of that in china. snow sculptures put in hundreds of hours to carve masterpieces as part of a festival in the northeast in super cold conditions. >> it is -30 degrees celsius in this part of china and the sculptors are continuing to carve their masterpiece despite the plighting cold. >> i need to protect my face as much as possible. the cold weather and the uv light to make my face hurt. it will take about two weeks to return to normal after a go home. >> one of the works is a herd of stemmed -- of stallions. the kind this particular piece will be the largest in the world. this is another example of their icy art, a life-size to church, incredible detail by the incredibly dedicated. >> make sense of international news at bbc.com/news. >> funding for this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. and union bank. >> at union bank, our relationship managers work hard to understand the industry you operate in, working to nurt
we found another example of that in china. snow sculptures put in hundreds of hours to carve masterpieces as part of a festival in the northeast in super cold conditions. >> it is -30 degrees celsius in this part of china and the sculptors are continuing to carve their masterpiece despite the plighting cold. >> i need to protect my face as much as possible. the cold weather and the uv light to make my face hurt. it will take about two weeks to return to normal after a go home....
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Dec 12, 2012
12/12
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KQED
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what is your take on china? >> there is no question they had a slowdown engineered by the government. they did a slowdown in 2008 and 2010, and they said they're going to stop that. and business has bottomed out and is in fact, turning up. it is interesting, susie, in the last week, december 3rd, the most recent bottom in the shanghai market, which has been a being downer, does pit the market going up 6.5%, and the market is up 6.5%. so the markets beginning to believe it is getting better as well. >> susie: thank you very much, mike, mike holland and holland and company. and tomorrow tonight, we'll have more analysis on the fed decision. mohamed el-erian joins us. he's the c.e.o. of pimco. >> tom: still head, british bank hsbc agrees to pay a record fine for laundering mexico drug money. >> susie: it's a major hit to organized labor-- michigan approved legislation today that would greatly limit labor rights. protestors swarmed the state capital as lawmakers passed a bill prohibiting unions from requiring employ
what is your take on china? >> there is no question they had a slowdown engineered by the government. they did a slowdown in 2008 and 2010, and they said they're going to stop that. and business has bottomed out and is in fact, turning up. it is interesting, susie, in the last week, december 3rd, the most recent bottom in the shanghai market, which has been a being downer, does pit the market going up 6.5%, and the market is up 6.5%. so the markets beginning to believe it is getting...
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100
Dec 29, 2012
12/12
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CSPAN2
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eye 100
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competition we have with china. that is how we can give them ideas, but at least either some kind of a taxation or something that if they take it from us, they lose something. that's the most difficult part of entrepreneurship, still, my idea, still good. >> your question is how can we keep mass production here when the cost advantages of tremendous in places like china. one fact, though, is that labor costs an are only about 10% of a product cost. there's a lot more that goes into it. it's also the subsidies that the chinese government is giving when they give free land, free rent. it is the currency issues, but, you know, there are several encouraging signs. one, wages are rising in china, slowly, transportation costs and fuel costs increased with the natural gas in the united states, some of the manufacturing costs and some of the alternative energy manufacturing costs are coming down. the equation is a little more balanced, and that said, you know, in the case of apple, they do the manufactures here, but in the
competition we have with china. that is how we can give them ideas, but at least either some kind of a taxation or something that if they take it from us, they lose something. that's the most difficult part of entrepreneurship, still, my idea, still good. >> your question is how can we keep mass production here when the cost advantages of tremendous in places like china. one fact, though, is that labor costs an are only about 10% of a product cost. there's a lot more that goes into it....
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Dec 28, 2012
12/12
by
KDTV
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eye 228
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segÚn la televisiÓn china 16 personas resultados lesionadas al ser golpeadas por las esquirlas de los vidrios. el accidente se debiÓ al envejecimiento de los materiales. >>> predijo un pastol ♪ ♪ ♪ >>> cuando muere tragicamente una figura de gran impacto, su desapariciÓn llega acompaÑada de todo tipo de historias, el caso de jenni rivera no es la excepciÓn, y como cuenta liliana, esas particulares narraciones hacen de la romeria diaria en la casa de la diva. >>> eva barrasa vino para honrar la memoria de alguien, y tambiÉn de profesias que envolverÍan la tragica muerte. >>> sÍ lo creo, porque su pastor le dijo que el espÍritu santo hablaba por medio de ellas, y que por medio de ellas iban a buscar a dios miles de personas, porque Él la iba a llevar a lo mÁs alto. >>> eva se refiere en el que un pastor le impone las manos a jenni. gustavo desmintiÓ estas interpretaciÓn. >>> que va a volar alto y le va a ayudar a miles de personas. y acercarse mÁs a dios. no podemos cambiar a todo el mundo. >>> el pastor bruno camaÑo la conocÍa, cantÓ a favor de la vida en una canc
segÚn la televisiÓn china 16 personas resultados lesionadas al ser golpeadas por las esquirlas de los vidrios. el accidente se debiÓ al envejecimiento de los materiales. >>> predijo un pastol ♪ ♪ ♪ >>> cuando muere tragicamente una figura de gran impacto, su desapariciÓn llega acompaÑada de todo tipo de historias, el caso de jenni rivera no es la excepciÓn, y como cuenta liliana, esas particulares narraciones hacen de la romeria diaria en la casa de la diva....
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Dec 26, 2012
12/12
by
KPIX
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eye 185
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. >>> and the world's longest high-speed rail line is now open for business in china. the first trip was this morning as passengers boarded a train in bay bridge. the line is 1,428 miles long ending in the southern city of [ non-english language ] the city takes 8 hours compared with the more than 20 hours for the previous system >>> some encouraging news on child obesity. the problem appears to be easing among small children in poor families. the centers for disease control followed 27 million children between the ages of 2 and 4 from 1998 to 2010 and the rate of obesity decreased from 15 to in3 to 14.9%. extreme obesity went down by 2%. >>> a new study suggests there may be a genetic component to how children feel pain. researchers at geneva university in switzerland analyzed the dna of 168 kids recovering from major surgery. well, the young patients with a certain gene variant felt more pain. >>> a warning this morning about a popular cosmetic medicine. the food and drug administration is warning hundreds of medical practices that botox they have could be bad. cbs r
. >>> and the world's longest high-speed rail line is now open for business in china. the first trip was this morning as passengers boarded a train in bay bridge. the line is 1,428 miles long ending in the southern city of [ non-english language ] the city takes 8 hours compared with the more than 20 hours for the previous system >>> some encouraging news on child obesity. the problem appears to be easing among small children in poor families. the centers for disease control...
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157
Dec 2, 2012
12/12
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CSPAN
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eye 157
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these kids know more about the middle east and china. in speaking to the average high- school in new york city and after it's about what is happening in the world, i think it would take your breath away. this is a serious problem. the second part of what the technology can matter is because we did not have to limit the school day anymore to the hours inside the school room. as -- there is much more we can do. i watch people here from a great school in sweden. and they have managed to create a portal in ways. i met a kid whose mother was an aris -- was a nurse. we are the only profession that admits we are failing in what we're doing for our kids and we all go home at 3:00. there has to be a way to think differently about the dimensions of the challenge. i think technology is part of that problem. about to go back to what condie started. as important as music and art and global history is, to two cannot read into basic mathematics -- kids who cannot read or do basic mathematics will not do higher or critical thinking. we have to figure ou
these kids know more about the middle east and china. in speaking to the average high- school in new york city and after it's about what is happening in the world, i think it would take your breath away. this is a serious problem. the second part of what the technology can matter is because we did not have to limit the school day anymore to the hours inside the school room. as -- there is much more we can do. i watch people here from a great school in sweden. and they have managed to create a...
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Dec 31, 2012
12/12
by
CNNW
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eye 56
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. >> china, china, china. >> china also getting more than a few mentions during the presidential campaign. it's pretty clear china is a competitor and a partner. >> number four, europe, the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three, the housing market. finally finally bottomed out, the combination of low home prices and continued record low mortgage rates set off a building and buying spree. well healed investors began buying entire neighborhoods, but first time buyers were also able to get a home of their own for the first time in years. as long as they had a hefty downpayment. >> number two. >> cnn projects that barack obama will be re-elected president of the united states. >> the election. more than just about obama and romney. it was about socialism and capitalism. about spending and cutting. about what kind of role government should have in your life. >> number one is the fiscal cliff. lawmakers saw it coming, but didn't bother to pay any attention to it, until after the election. had they put politics a
. >> china, china, china. >> china also getting more than a few mentions during the presidential campaign. it's pretty clear china is a competitor and a partner. >> number four, europe, the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three, the housing market. finally finally bottomed out, the combination of low home prices and continued record low mortgage rates set off a building and buying spree. well...
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132
Dec 16, 2012
12/12
by
CSPAN2
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eye 132
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by 2030, china is the second-biggest economy in the world right now. we think of it as an exporting economy but their growth has been internal. by 23 which is not that long way although it sounds far away, they will be the world's largest consumer economy. they will be the ones setting the trend in terms of one car is like and what a washing machine is like and what and ipad is like. they are also building more cities than anybody else, going from 75 cities of 1 million people to two 20 cities of 1 million people to almost 20 cities of ten million people and in doing that they will be building our highways and power plants of tomorrow and the czech writer has a lot of power in what these look like so they will be dictating what those things look like as well and as they create vast reserves of wealth and giving it to people who need to borrow it europeans who need to borrow it gain influence that way and when they go to latin america where they are the number one trading partner investor in brazil or africa where they are number one investor they get a
by 2030, china is the second-biggest economy in the world right now. we think of it as an exporting economy but their growth has been internal. by 23 which is not that long way although it sounds far away, they will be the world's largest consumer economy. they will be the ones setting the trend in terms of one car is like and what a washing machine is like and what and ipad is like. they are also building more cities than anybody else, going from 75 cities of 1 million people to two 20 cities...
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Dec 19, 2012
12/12
by
CNBC
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eye 203
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so you have china engineering a soft landing and starting to recover. you have europe away from the brink. greece got upgraded today. who would have thought it. that is what the market is looking at. saying okay. it is not going to be the worst kcase sharcenario, but you coul extend the middle class tax cuts and be done with it. it is in a recession. >> and i think the market would not like that very much. everybody is expecting that you get the middle class tax cuts done. >> and if you can get china and europe doing better. it is hard to be terribly bearish on the u.s. >> y are going to stay with our politico expert. this is a rally that has surprised experts. it hasn't been that easy to be optimistic. >> it is. i think you have to be cautious here. the probability that this could fall apart is very, very real. >> so, you have to be careful up at these levels as a trader. i have low exposure up here. i have protection. that is how you have to play this market. stay with us please. >> yesterday it looked like washington was inching towards a deal. but t
so you have china engineering a soft landing and starting to recover. you have europe away from the brink. greece got upgraded today. who would have thought it. that is what the market is looking at. saying okay. it is not going to be the worst kcase sharcenario, but you coul extend the middle class tax cuts and be done with it. it is in a recession. >> and i think the market would not like that very much. everybody is expecting that you get the middle class tax cuts done. >> and if...
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Dec 26, 2012
12/12
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KPIX
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eye 195
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china is looking to bring parts of america to china. >> reporter: in 2010 this vineyard was for sale. chinese investors bought, it and now 90% of the wine from here, that's 9,000 cases, is shipped to china. >> what does a chinese company want with a vineyard in mappa valley? >> there's a big demand for luxury goods and goods that are scaries and well made. rather than buying chinese-made products and sending money over there, they're buying american-made products and sending their money back over here. >> the jobs stay here? >> the jobs stay here. >> reporter: chinese firms flush with cash have invested $16.4 billion in the u.s. in the past decade. $1.3 billion in california companies. a record $560 million in just the past year. the chinese are also boosting the golden faith housing recovery. they've bought one out of every ten homes sold in the past year. >> compared to the high-end housing, like, in beijing, this is nothing. >> reporter: dee mung is a student at the university of california. his parents bought him this nearly $1 million condo at the ritz carlton. they thought renti
china is looking to bring parts of america to china. >> reporter: in 2010 this vineyard was for sale. chinese investors bought, it and now 90% of the wine from here, that's 9,000 cases, is shipped to china. >> what does a chinese company want with a vineyard in mappa valley? >> there's a big demand for luxury goods and goods that are scaries and well made. rather than buying chinese-made products and sending money over there, they're buying american-made products and sending...
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392
Dec 26, 2012
12/12
by
KPIX
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china overall is looking to bring parts of america to china. >> reporter: in 2010, this vineyard was up for sale. chinese investors bought it. now, 90% of the wine from here-- that's 9,000 cases-- is shipped to china. what does a chinese company want with a vineyard in napa valley? >> there's a big demand in china for luxury goods, for goods that are scarce, and for goods that are well made. rather than buying chinese-made products and sending our money over there, they're buying eir ican-made products and .ending their money back here. >> reporter: and the jobs stay here. re.and the jobs stay here. >> reporter: chinese firms, flush with cash, have invested $16.4 billion in the u.s. in the past decade, $1.3 billion in california companies, a record $560 million in just the past year. the chinese are also boosting the golden state's housing recovery. they've bought one out of every ean homes sold in the past year. >> compared to the high-end thiing like in beijing, this is not that expensive, though. r: reporter: di meng is a student at the university of oruthern california. his paren
china overall is looking to bring parts of america to china. >> reporter: in 2010, this vineyard was up for sale. chinese investors bought it. now, 90% of the wine from here-- that's 9,000 cases-- is shipped to china. what does a chinese company want with a vineyard in napa valley? >> there's a big demand in china for luxury goods, for goods that are scarce, and for goods that are well made. rather than buying chinese-made products and sending our money over there, they're buying...
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Dec 30, 2012
12/12
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CNNW
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they would lean toward china. trouble was how to contact a regime whose very existence the united states denied? >> we came up with the idea that our ambassador in warsaw should walk up to the chinese ambassador at the next social event in which they were both present and ask for a meeting and say we wanted to talk. >> this was like a spy thriller. >> absolutely. so there was a yugoslav fashion show and they were both there. our ambassador walked over to the chinese and our ambassador chased him down the hallway and finally cornered him long enough to say we wanted to talk. two weeks later a chinese car flying the chinese flag arrived at our embassy and brings the ambassador saying, okay, i'm ready to talk. >> but the meetings met with little progress. in the summer of 1969 with lower bureaucratic channels broken down kissinger and nixon devised a plan to go straight to the top, right to chairman mao. during a trip to pakistan they asked the president to arrange the china connection. >> nothing happened for six mo
they would lean toward china. trouble was how to contact a regime whose very existence the united states denied? >> we came up with the idea that our ambassador in warsaw should walk up to the chinese ambassador at the next social event in which they were both present and ask for a meeting and say we wanted to talk. >> this was like a spy thriller. >> absolutely. so there was a yugoslav fashion show and they were both there. our ambassador walked over to the chinese and our...
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Dec 22, 2012
12/12
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CNBC
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we know china's economy is on the mend. that's good news for mgm china. they have one resort right now but back in october mgm got permission to build a hotel and casino on the strip which is a huge new development of macau. it will take years to get this up and running. most don't expect it to open until 2016 or 2017 but gives mgm growth down the road. growth guys love that stuff. mgm popped off lows. not caught the bottom here. if you wait for fiscal cliff related pullback, you probably will do better and you know they'll give us a couple. in this uncertain environment there's nothing better than a good old fashioned turnaround story. a three headed turnaround. clean up the balance sheet, vegas is improving, china is growing too. bet on mgm when the fiscal cliff looms next strike and this as well as all other stocks get hammered. craig in my home state of new jersey. craig? >> caller: how are you doing? >> what's going on, partner? >> caller: calling about expedia. how you feel about that? >> i feel really good about that. i follow this closely. expedia
we know china's economy is on the mend. that's good news for mgm china. they have one resort right now but back in october mgm got permission to build a hotel and casino on the strip which is a huge new development of macau. it will take years to get this up and running. most don't expect it to open until 2016 or 2017 but gives mgm growth down the road. growth guys love that stuff. mgm popped off lows. not caught the bottom here. if you wait for fiscal cliff related pullback, you probably will...
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Dec 11, 2012
12/12
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CNBC
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china's m.o. is this. they basically buy american companies, strip them of technology and ship the jobs to china. case in point would be brantley helicopter. used to be in texas. 2009 china buys it. now all the production facilities are in jindao. this is the problem. the promise to keep the plant going. now a-123 is interesting. they have cutting edge technology which will be exported to china. that's the bigger issue. one company at a time, larry, is going over to china, helping to build their industrial base. and the other thing -- >> hang on a second. this is an important point. ann lee, i'd like to get something from this. okay? if the u.s. foreign investment advisory board okays the deal, fine. but they counterfeit our goods. the chinese have a lot to answer for. shouldn't we make a deal? we let them buy the company but we should make a deal and they should somehow stop all the pirating of our technology? >> i think the chinese government is already trying to crack down on counterfeiting and other th
china's m.o. is this. they basically buy american companies, strip them of technology and ship the jobs to china. case in point would be brantley helicopter. used to be in texas. 2009 china buys it. now all the production facilities are in jindao. this is the problem. the promise to keep the plant going. now a-123 is interesting. they have cutting edge technology which will be exported to china. that's the bigger issue. one company at a time, larry, is going over to china, helping to build...
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Dec 26, 2012
12/12
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WMAR
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>> china. i know, i know, i know your show. >> reporter: thousands of you know the question and are now asking it yourselves. just one thing made in america. neighborhoods coast to coast. >> what's going on here? >> reporter: one gift, $64, hundreds of thousands of american jobs. you know the drill. remember the fire house? >> are you in? >> we're in! >> reporter: the town hall? >> you belt we're in. >> reporter: this vermont school, among the first. >> made in america! >> reporter: then, that classroom in peachtree, georgia. >> david muir, if you are ever in atlanta -- >> reporter: and now spreading to this seventh grade class in north carolina. >> we're in! >> reporter: and tonight, just look at what was unwrapped under trees across america. this mom, buying ornaments from you a gus wendell in pennsylvania. and something else key -- >> i found a santa claw key, because we do not have a chimney and my kids wanted santa to have a special way to get in. >> reporter: connor asking, who said all s
>> china. i know, i know, i know your show. >> reporter: thousands of you know the question and are now asking it yourselves. just one thing made in america. neighborhoods coast to coast. >> what's going on here? >> reporter: one gift, $64, hundreds of thousands of american jobs. you know the drill. remember the fire house? >> are you in? >> we're in! >> reporter: the town hall? >> you belt we're in. >> reporter: this vermont school, among...
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Dec 26, 2012
12/12
by
KRON
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eye 159
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she came here from china to briefly help her son and wife take care of their 18-month-old baby. they went to twin peaks to show friends the beautiful screws of the-- the beautiful views of the city and then -- >> tragedy happens. took my mom from hee me. >> reporter: he spent christmas cleaning out her mother's room and planning to return her body to china for a proper burial. the sadness is not something he wants any other family to suffer through. so he has a message about drinking and driving and getting behind the wheel -- >> think about the consequences. i had a perfect family. a perfect mom and now everything is gone. >> reporter: just teen waldman, kron 4 news. >>> u.s. holiday retail sales this year are the weakest since 2008 after a shopping season disrupted by storms and ricing unernty -- uncertainty. a track says holiday sales increased .7%. now, analysts had expected sales to grow 3% to 4% this season. sump storm sandy caused sales to decline after striking east coast in late october. that short shows investors nervous as lawmakers fail to reach a deal to avoid the f
she came here from china to briefly help her son and wife take care of their 18-month-old baby. they went to twin peaks to show friends the beautiful screws of the-- the beautiful views of the city and then -- >> tragedy happens. took my mom from hee me. >> reporter: he spent christmas cleaning out her mother's room and planning to return her body to china for a proper burial. the sadness is not something he wants any other family to suffer through. so he has a message about...
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330
Dec 26, 2012
12/12
by
WBAL
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. >>> china opened the world's longest high-speed rail line today. the train travels more than 1,400 miles from beijing in the north to the south of china, a trip that until now took 20 hours. the new train traveling at 186 miles per hour cuts the time to just eight hours. hundreds of the new trains will be put into service on this line alone, as china moves toward its goal of building a nationwide high-speed rail network. >>> and back in this country, a lost and found story involving a best friend. it all began christmas eve outside a grocery store here in new york where a security camera shows a man stealing a dog and then walking away. that dog's name is marlee. a woman who saw him trying to sell the dog thought something was up, so she bought marlee herself, took him to a vet and it turns out he had a microchip which was scanned. as a result, the king charles spaniel was reunited with his 7-year-old owner yesterday afternoon. perhaps the best christmas present she could have wished for. a suspect was taken into custody and charged with stealing m
. >>> china opened the world's longest high-speed rail line today. the train travels more than 1,400 miles from beijing in the north to the south of china, a trip that until now took 20 hours. the new train traveling at 186 miles per hour cuts the time to just eight hours. hundreds of the new trains will be put into service on this line alone, as china moves toward its goal of building a nationwide high-speed rail network. >>> and back in this country, a lost and found story...
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Dec 29, 2012
12/12
by
CNNW
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eye 288
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. >>> number five, china, is china slowing or leading the world? we do know that china will be the biggest economy in the world by 2020, for sure, by 2030. china also getting more than a few mentions during the presidential campaign's probably because it is pretty clear, china is both a competitor and a partner. >> number four, europe, the european union was fractured by debt and the plans to fix it. that saga is far from over. >>> number three, the housing market, finally, finally bottomed out. the combination of home prices and continued mortgage rates set off a building and buying spree. well-he well-heeled investors began to buy entire neighborhoods. and homeowners got more with a hefty down payment. >> and cnn predicts that barack obama will be reelected president of the united states. >> the election, more than just about obama and romney, more about socialism, and capitalism and spending, about the role government should have in your life. >> number one is the fiscal cliff. lawmakers saw it coming, but didn't bother to pay any attention to i
. >>> number five, china, is china slowing or leading the world? we do know that china will be the biggest economy in the world by 2020, for sure, by 2030. china also getting more than a few mentions during the presidential campaign's probably because it is pretty clear, china is both a competitor and a partner. >> number four, europe, the european union was fractured by debt and the plans to fix it. that saga is far from over. >>> number three, the housing market,...
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111
Dec 19, 2012
12/12
by
CNBC
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eye 111
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>> what you heard out of china, a government official in china said last month, he was quoted until saying, if we continue bi bailing these companies out in china, it's giving a patient poison to quench their thirst. you had a bailout of sun tech, a bailout of another chinese company and you've had multiple bailouts since then. you have massive oversupply in this market. you need companies to go out of business. what china is doing, they are coming in and bachling them out. thus this capacity that needs to be reduced is continuing to grow. so, we think capacity in china is going to row. you have much more supply than the demand. we continue to see price pressure. >> gordon, one of your competitors, i think tend of november, has a $50 price target on the stock. mentioned their cash flow. i'm not asking you to talk about their call but can you talk about their cash flow? do they have a healthy situation? >> that's a good point. where the projects they have, they will have the cash. but once the projects are over, if you look at first solar's earnings over the past four quarters, quarters whe
>> what you heard out of china, a government official in china said last month, he was quoted until saying, if we continue bi bailing these companies out in china, it's giving a patient poison to quench their thirst. you had a bailout of sun tech, a bailout of another chinese company and you've had multiple bailouts since then. you have massive oversupply in this market. you need companies to go out of business. what china is doing, they are coming in and bachling them out. thus this...
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195
Dec 17, 2012
12/12
by
CNBC
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eye 195
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a year ago all the wise guys were telling us to avoid china because it was a house of cards. the course only grew more uniform with the chinese market falling to multiyear lows. but in the last few weeks, china's economy bottomed during the summer as they were focused way too much on beating inflation. now it's become the best performer in the world, and i don't think you've missed the move which is why my trust has been buying an etf that mimics china. finally there's apple. we've become addicted to apple. we are deeply focused on its decline which continued in the a.m. today, taking out $500 right before the opening, while it rallied with the rest of the market into the bell. i'm sure some people feel it's now washed out. i for one welcome the shakeout. apple had become the only stock that people talked about, a sure sign it was overheated. the summer soldiers, the sunshine patriots, they're now headed for the hills. aided by analysts who can't take the pain and are anxious to distance themselves from a stock that they perceive to be a loser so they cut the price targets an
a year ago all the wise guys were telling us to avoid china because it was a house of cards. the course only grew more uniform with the chinese market falling to multiyear lows. but in the last few weeks, china's economy bottomed during the summer as they were focused way too much on beating inflation. now it's become the best performer in the world, and i don't think you've missed the move which is why my trust has been buying an etf that mimics china. finally there's apple. we've become...
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197
Dec 21, 2012
12/12
by
CNBC
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china ma and japan. and i think you can start to nibble a little on china and japan, as well. >> michael, is there an argument to be made that you don't want to touch stocks right now until you have some clarity on this fiscal cliff? just in case we see a big sell-off? >> there is, but i'll argue, too, that you're talking about $600 billion being sucked out of the economy next year. the s&p made $20 trillion. while we are looking at the fiscal cliff countdown, there is another countdown to new all-year highs when the dow is close to the prior peak around 600% from here. investors should be looking overseas. you want to look where there is no fiscal cliff equivalent, primarily in emerging markets. but nonpartisan analysts have pointed out that if we go over the cliff and take that $600 billion with it, we go back to recession. how do you justify going into stocks and going into all-time highs if we go back to recession? >> that assumes all else being equal, the problem is you look at europe, it's recoveri
china ma and japan. and i think you can start to nibble a little on china and japan, as well. >> michael, is there an argument to be made that you don't want to touch stocks right now until you have some clarity on this fiscal cliff? just in case we see a big sell-off? >> there is, but i'll argue, too, that you're talking about $600 billion being sucked out of the economy next year. the s&p made $20 trillion. while we are looking at the fiscal cliff countdown, there is another...
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Dec 15, 2012
12/12
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you can't get your hands on guns in china but it's happening with knives and axes in schools. there's not really much you can do. columbine had an armed guard. virginia tech has an armed police presence. it's not the answer. i think it's just identifying these people and somehow stepping in before this happens. >> blake, let me ask you this -- mark opens the door about security and armed guards and so forth. my sister-in-law, bless her, down in virginia beach, is a schoolteacher. she called my wife this afternoon to relay a story about security in some of the inner city schools in that area. let me read you what she said. somebody comes into the school, they have to get buzzed in. this guy got buzzed in. we don't know yet why, how, when and where. but he got buzzed in. the buzzer goes off and sets an alert. follow me on this. somebody buzzes in. maybe they go through a window. teachers start a drill. the kids are put into a corner. listen to this. shades are pulled down, lights are then flicked off to leave the impression to a potential killer that nobody's in the classroom. n
you can't get your hands on guns in china but it's happening with knives and axes in schools. there's not really much you can do. columbine had an armed guard. virginia tech has an armed police presence. it's not the answer. i think it's just identifying these people and somehow stepping in before this happens. >> blake, let me ask you this -- mark opens the door about security and armed guards and so forth. my sister-in-law, bless her, down in virginia beach, is a schoolteacher. she...
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Dec 20, 2012
12/12
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CNBC
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it's doing brutal in china and in terms of sales, they're used to double-digit gains in china. they saw double-digit negatives in china. so, the take away is, they're managing their business extremely well, despite weakness in china and north america is strong right now, so, if you believe in the thesis that the u.s. growth will be outstripping a lot of parts of the world, than nike looks pretty good right now. >> thank you for that, brian. and so some degree, we knew about the weakness in china, talked about inventories in china. >> we suffered the china weakness in the june quarter. that's where these guys -- they missed, they got destroyed that day and this is a company that has actually typically beat it over the last two years. but china is 11% of their sales. as much as it's exciting to talk about nike in china, this is not their holy grail. they still need to compete. the u.s. is 37% of sales. europe is 17% of sales. at 20 times earnings, these guys with 20% roe, these guys are worth owning here and 2% div. broke through 100, the stock actually looks like it's breaking o
it's doing brutal in china and in terms of sales, they're used to double-digit gains in china. they saw double-digit negatives in china. so, the take away is, they're managing their business extremely well, despite weakness in china and north america is strong right now, so, if you believe in the thesis that the u.s. growth will be outstripping a lot of parts of the world, than nike looks pretty good right now. >> thank you for that, brian. and so some degree, we knew about the weakness...
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Dec 17, 2012
12/12
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their user base is highly mobile in china. these guys have to prove to people they can compete in the same space that google is trying to but they dominant. they don't have any competitors out there and this s.e.c. investigation into the chinese internet names is overdone. this is a great place on the chart. momentum is with you. >> pete, you're going to tim's girl, actually. >> tim's old girl. everybody's hated nokia. this stock was underneath $2 a share. i think this thing is fascinating. the 920 phone and the fact they actually have a contract with china mobile. 700 million subscribers, more than that. this company with the windows 8, i think there's a lot of different catalysts out there. we saw you unusual activity in this name. it was trading around $2. today, $4 a share. i think nokia's not going to beat up on apple, but if you want performance, that's the name to be in. >> gain market share at apple's expense? >> i think they can gain some market share. i don't know if it's at apple's expense, htc, whoever it is going
their user base is highly mobile in china. these guys have to prove to people they can compete in the same space that google is trying to but they dominant. they don't have any competitors out there and this s.e.c. investigation into the chinese internet names is overdone. this is a great place on the chart. momentum is with you. >> pete, you're going to tim's girl, actually. >> tim's old girl. everybody's hated nokia. this stock was underneath $2 a share. i think this thing is...
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Dec 26, 2012
12/12
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WBAL
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. >>> in china, the longest high-speed rail is off and running thanks to speeds 146 miles an hour. the train will take about eight hours instead of 20. >>> all right, coming up. find out how some folks show the spirit of the season by spending their christmas day lending a hand to those who need it most this year. you're watching "early today." >>> and welcome back to "early today." christmas should be a day of joy and celebration, but in many parts of the country, recent tragic events gave this year's holiday a different feeling. here's nbc's john yang. [ bells toll ] >> reporter: in newtown, connecticut, it was a day of lingering heartache. empty stockings now filled with gift. first responders gave their time so the town's police could spend the day with their family. >> just the right thing to do. that's why we're here. something needs to be done and we're glad to be here. >> it's a pleasure helping out. >> police officers giving police officers time off, you couldn't ask for a better christmas gift. >> reporter: in the new york area where thousands are without homes because of
. >>> in china, the longest high-speed rail is off and running thanks to speeds 146 miles an hour. the train will take about eight hours instead of 20. >>> all right, coming up. find out how some folks show the spirit of the season by spending their christmas day lending a hand to those who need it most this year. you're watching "early today." >>> and welcome back to "early today." christmas should be a day of joy and celebration, but in many...
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Dec 14, 2012
12/12
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CNBC
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opened 30 new stores in china. and there is a universality in gap that will resonate over there. and the results were pretty darn good. the company delivering 6% increase in same-store sales. driven by strength. and i think the strength is going to continue. in fact, i bet things get better in the first half of the year. why? how about the raw cost issue. high cost cotton, a big headwind for gap. the price of cotton declined dramatically and the company will lap double digit cotton price increases. cotton is a huge cost for gap. more so than any -- more so than most retailers. the savings from lower cotton prices represent a tailwind for the company. what we discovered with dollar general if gross margins are expanding, people like you, even if margins aren't as strong as we were true. gap sells 9% long term growth rate. buy the stock here and buy more if it goes lower as we approach the ugh-ugh. that's the new thing for fiscal cliff. two lines. anyway, gap is not getting credit it deserves. the recent pullback is a terrific buying opportunity, one you don't want to miss, at leas
opened 30 new stores in china. and there is a universality in gap that will resonate over there. and the results were pretty darn good. the company delivering 6% increase in same-store sales. driven by strength. and i think the strength is going to continue. in fact, i bet things get better in the first half of the year. why? how about the raw cost issue. high cost cotton, a big headwind for gap. the price of cotton declined dramatically and the company will lap double digit cotton price...
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Dec 28, 2012
12/12
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WMAR
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to our quote tonight, visit your parents, that's an order, now the law in china. if you don't visit your aging parents, you face a fine in parents. the law is meant to give neglected parents grounds to take their grown children to court. >>> high in the sky over times square, 288, that's how many tiles were installed on the waterford crystal ball. one of of the tiles, dedicated to dick clark, who first began hosting from times square in 1974. when we come back, we remember dick clark and so many american greats, americans who soared to amazing heights, others who gave us a last dance, after a famous seen with his mother. d flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for ches
to our quote tonight, visit your parents, that's an order, now the law in china. if you don't visit your aging parents, you face a fine in parents. the law is meant to give neglected parents grounds to take their grown children to court. >>> high in the sky over times square, 288, that's how many tiles were installed on the waterford crystal ball. one of of the tiles, dedicated to dick clark, who first began hosting from times square in 1974. when we come back, we remember dick clark...
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Dec 26, 2012
12/12
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KPIX
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china overall is looking to bring parts of america to china. >> reporter: in 2010, this vineyard was up for sale. chinese investors bought it and now 90% of the wine from here that's 9,000 cases -- is shipped to china. what does a chinese company want with a vineyard in napa valley? >> there's a big demand in china for luxury goods for goods that are scarce and for goods that are well made. so rather than buying chinese- made products and spending our money over there, they're buying american made products and sending their money back over here. >> reporter: on the jobs stay here? >> and the jobs stay here. >> reporter: rich chinese firms have investigated billions in the u.s. 1.3billion in california companies. a reported $560 million invested in the past year. the chinese are also boosting the golden state's housing recovery. they have bought one out of every 10 homes sold in the past year. >> compared to the high-end housing like in beijing, this is not that expensive. >> reporter: this university of southern california student has a $1 million condo at the ritz- carlton. his pare
china overall is looking to bring parts of america to china. >> reporter: in 2010, this vineyard was up for sale. chinese investors bought it and now 90% of the wine from here that's 9,000 cases -- is shipped to china. what does a chinese company want with a vineyard in napa valley? >> there's a big demand in china for luxury goods for goods that are scarce and for goods that are well made. so rather than buying chinese- made products and spending our money over there, they're...
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Dec 26, 2012
12/12
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MSNBCW
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. >>> let's bring you to china. the world's longest running high speed train is off between beijing and gauuangzhou will take eight hours instead of 20. >>> and in wake of the tragedy at newtown, now known as the 26 acts movement was sparked with a tweet by our own colleague, ann curry, who learned more about this global out-pouring of generosity from carl quintilla. >> reporter: it started with a simple idea posted to twitter. what if we could honor the 26 lives lost at sandy hook elementary with small acts of kindness, leaving a stranger an unexpected treat or inspirational message or a way to keep warm. >> i've always made quilts. i thought, wouldn't it be nice to make quilt, one for each child and then donate them. >> reporter: using the #26acts, people began sharing their kindness on social media and just nine days later what has become a massive wave reaching to the halls of congress. >> i think america was looking for ways to demonstrate their grief, caring, empathy. >> reporter: to the other side of the worl
. >>> let's bring you to china. the world's longest running high speed train is off between beijing and gauuangzhou will take eight hours instead of 20. >>> and in wake of the tragedy at newtown, now known as the 26 acts movement was sparked with a tweet by our own colleague, ann curry, who learned more about this global out-pouring of generosity from carl quintilla. >> reporter: it started with a simple idea posted to twitter. what if we could honor the 26 lives lost at...
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Dec 19, 2012
12/12
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CNBC
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because i think that the analogy i made in terms of china, everybody is mad at china for selling our movies and music, but yet for an individual, you don't have that kind of right. you own the picture, you took it. >> intellectual property. >> facebook owns instagram. do you think this was a shocker? >> i know those guys, they're really intelligent, they typically try to do things the right way and this one apparently got a little away from them. >> we were talking for a long time, we have been talking for a lock time about retailers going out of business bought of dot comes. what's new here? >> the share of retail done by the online players just keeps expanding in the key categories. basically everything other than what you consume, grocery and drug, is the online guys are getting more and more share. the retail pie is only so big. online guys extend their share of the pie, the part left for the physical guys, it shrinks and they've got such high fixed cost structures that they can't survive that. and so, the logical implication for a lot of these really historically successful reta
because i think that the analogy i made in terms of china, everybody is mad at china for selling our movies and music, but yet for an individual, you don't have that kind of right. you own the picture, you took it. >> intellectual property. >> facebook owns instagram. do you think this was a shocker? >> i know those guys, they're really intelligent, they typically try to do things the right way and this one apparently got a little away from them. >> we were talking for a...
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Dec 24, 2012
12/12
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. >> richard nixon said when he went to china with you, of course, in '72, the week that he was there, he said this is the week that changed the world? >> he was right. >> well, those were some of the tough decisions we wanted to analyze. do you agree with the choices these people made? what are the toughest decisions you have made? join in the conversation online. #toughdecisions on twitter or cnn.com/fareed. we'll highlight the most interesting ones on our website. thank you for joining us tonight. we hope your decision to watch we hope your decision to watch >>> tonight, the one and only barbra streisand. ♪ and the way we were >> extraordinary hour. the legendary superstar. >> those men are fighting for your right to make any kind of picture you want. >> her incredible career. >> i only began to sing because i couldn't get a job as an actress, you see. >> her leading men. >> the greatest love of her life. >> you always ask that to people. why is that? >> and the tragedy that changed everything. >> i think it did scar me. >> and the politics, plastic surgery and the personal side
. >> richard nixon said when he went to china with you, of course, in '72, the week that he was there, he said this is the week that changed the world? >> he was right. >> well, those were some of the tough decisions we wanted to analyze. do you agree with the choices these people made? what are the toughest decisions you have made? join in the conversation online. #toughdecisions on twitter or cnn.com/fareed. we'll highlight the most interesting ones on our website. thank you...
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Dec 27, 2012
12/12
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industrials when the economy started to slow due to the blow up in europe and fast-growing markets like china slammed on the brakes with higher interest rates, you got obliterated. how about if you owned too many banks right before the financial crisis hi. i know a lot of people who did, by the way, they had such good yields and the dotcom bust, where the ruination occurred, something then tired an entire generation of people on investing. spread your money across stocks in you be related sectors so when something happens and makes one of them goes down hard the rest remain relatively unscathed. sometimes you can go higher. your basic diversification and mandatory in cramerica. if you're prepared for anything, not enough to make sure your stocks don't overlap, you need a portfolio that works in all kinds of markets, so tonight i want to explain and refine what i like to call the new diversification, how to protect your wealth and ensure you work something in increasingly chaotic, difficult, unforgiving, nauseating miserable market where diversified by sector alone can not be enough. the new d
industrials when the economy started to slow due to the blow up in europe and fast-growing markets like china slammed on the brakes with higher interest rates, you got obliterated. how about if you owned too many banks right before the financial crisis hi. i know a lot of people who did, by the way, they had such good yields and the dotcom bust, where the ruination occurred, something then tired an entire generation of people on investing. spread your money across stocks in you be related...
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Dec 11, 2012
12/12
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CNBC
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retail stocks that have exposure in china such as tiffany. >> i'm not a big fan of tiffany. that stock has been a very, very difficult stock. i do think that you want to look at pvh because of the warm weather in america, but after they bought calvin klein, that's the one i think you ought to look at. let it come in, warm weather is going to cause everybody to have jitters. i wish we could forget about politics. i'd love to discuss decker's or coach. until we get a deal, it's bad news for the market. even for cheap stock like apple. "mad money" will be right back. >>> high on biotech. medical innovations continue to help us. tonight, two companies with breakthrough products that are leading the charge. cramer is talking to the ceos of immunogen and seattle genetics, just ahead. and later, reenergized. pipelines, they're america's energy toll road and can provide investors with a secure source of dividends, but his investment in north dakota's oil rich bakken shale continues, cramer's looking for companies that are ready to expand. don't miss the ceo of enbridge energy. all c
retail stocks that have exposure in china such as tiffany. >> i'm not a big fan of tiffany. that stock has been a very, very difficult stock. i do think that you want to look at pvh because of the warm weather in america, but after they bought calvin klein, that's the one i think you ought to look at. let it come in, warm weather is going to cause everybody to have jitters. i wish we could forget about politics. i'd love to discuss decker's or coach. until we get a deal, it's bad news for...
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Dec 27, 2012
12/12
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KGO
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a 56-year-old, visiting from china, was killed. her son and two friends, injured. >> police say eunice fled, but they arrested her nearby. she's being held on $2 million bail. until a formal arraignment next week. the young woman may already know something about what she faces. >> studying criminal justice. >> should shed she be able to make bail, the judge ordered an alcohol monitoring device placed on her, and that she not be able to drive a car. in san francisco, abc 7 news. >> wall street is feeling the squeeze the day after christmas on heels of a weak holiday shopping report. the dow jones fell 24 points to 13,114 and light trading today, the day after christmas, the third straight losing day for the dow. >> bargain shoppers hit stores in search of after christmas deals. stores are hoping to turn around aym5<] disappointing sea. >> trying to lure people in, now. amy hollyfield has more now. >> stores opened early but clerks far outnumbed shoppers this morning. >> i thought there would be more people here. there aj?
a 56-year-old, visiting from china, was killed. her son and two friends, injured. >> police say eunice fled, but they arrested her nearby. she's being held on $2 million bail. until a formal arraignment next week. the young woman may already know something about what she faces. >> studying criminal justice. >> should shed she be able to make bail, the judge ordered an alcohol monitoring device placed on her, and that she not be able to drive a car. in san francisco, abc 7...
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Dec 21, 2012
12/12
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CNBC
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where is that coming from because i see china coming back a little, maybe europe's done going down, we seem to be a little bit stalled. somebody's building something around this world. >> i think it's a matter of jabil being very competitive in the markets that we serve and having sufficient diversification so that if one part of our business, for instance networking or telecommunications may be going through a lull or a slower period with government spending and business spending, capital spending down, we have some other parts of our business that are doing extremely well. you mentioned some of the mechanics business we're involved in which we call our materials technology group. that has nothing to do with electronics so we don't have to sell any electronic hardware for those businesses to perform well. parts of our business really are a reflection of the economy and other parts of our business are growing very robustly. so i'm very hopeful for the balance of the year and, you know, i think the company is diversified enough to take advantage of whatever opportunities are out there.
where is that coming from because i see china coming back a little, maybe europe's done going down, we seem to be a little bit stalled. somebody's building something around this world. >> i think it's a matter of jabil being very competitive in the markets that we serve and having sufficient diversification so that if one part of our business, for instance networking or telecommunications may be going through a lull or a slower period with government spending and business spending,...
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Dec 20, 2012
12/12
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china. china is huge for them and southeast asia. they're growing around the world. doesn't mean clear sailing. but it's a much healthier company than it was when it went into bankruptcy. >> michelle krk you tell me why buicks are so popular in china? >> it has a long history of strong image there. >> they're buicks. >> gm went in early. well, it's got a different image there. >> even tiger finally said i can't sell these things. >> any, appreciate it, michelle. thanks for trying to give me a straight answer. i'm sitting in the same chair i sit at in the morning. the big report on what happened in benghazi came out late last night and it seemed to go to great luns. >> they were mid level, right? >> yrks joe, they took the fall. from my information, i want to emphasize bend has been ongoing information. this state did and right now the people leaving the state department are victims of the government's need to cover up the larger story, that the security at the benghazi mission and it was a with the cia was about recruiting, arming, funding and transferring artists to
china. china is huge for them and southeast asia. they're growing around the world. doesn't mean clear sailing. but it's a much healthier company than it was when it went into bankruptcy. >> michelle krk you tell me why buicks are so popular in china? >> it has a long history of strong image there. >> they're buicks. >> gm went in early. well, it's got a different image there. >> even tiger finally said i can't sell these things. >> any, appreciate it,...
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Dec 26, 2012
12/12
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CNNW
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is china slowing or is china leading the world? we know that china will be the biggest economy in the world by 2020, for sure by 2030. >> china. >> china. >> china also getting more than a few mentions in the presidential campaign. probably because it's pretty clear china is boast a competitor and a partner. >> number four, europe. the european union was frared by too much debt and the austerity plan to fix it. that saga is far from over. number three, the housing market, finally, finally bottomed out. the combination of low home prices and continued record-low mortgage rates set off a building and buying spree. well heeled investors began buying entire neighborhoods, but first-time buyers were also able to get a home of their own for the first time in years, as long as they had a hefty downpayment. >> number two. >> cnn projects barack obama will be re-elected president of the united states. >> the election. more than just about obama and romney, it was about socialism and capitalism, spending and cutting, about what kind of role
is china slowing or is china leading the world? we know that china will be the biggest economy in the world by 2020, for sure by 2030. >> china. >> china. >> china also getting more than a few mentions in the presidential campaign. probably because it's pretty clear china is boast a competitor and a partner. >> number four, europe. the european union was frared by too much debt and the austerity plan to fix it. that saga is far from over. number three, the housing...
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Dec 26, 2012
12/12
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the fact that the materials were strong indicates china is doing well and that goes along with the transportation stocks so there's a little bit better tone away from the fiscal cliff. that's where it is right now. >> what about this concept. skeptical, the idea that we're underowned in the stock market and anything -- any resolution could mean stocks. >> a lot of cash on the sidelines that will be put to work if you get a little bit of a sign of a resolution here, bill. happy new year. >> nice tie, but i'm always saying that to you. we're going to the mid-point of the range, dow down 22 points. that's the first hour of the "closing bell." stand by now for hour number two. >> and welcome back, to the "closing bell." i'm mandy drury sitting in for maria bartiromo. it is the end of another trading day, and, no, we do not have a fix for the fiscal cliff. guess what, the numbers also reflect that. let's take a look at how a day on wall street, looks like the dow is down marginally, 24 points to the downside and the nasdaq off by the biggest percentage loss, down by 22 points and the s&p 500 is down b
the fact that the materials were strong indicates china is doing well and that goes along with the transportation stocks so there's a little bit better tone away from the fiscal cliff. that's where it is right now. >> what about this concept. skeptical, the idea that we're underowned in the stock market and anything -- any resolution could mean stocks. >> a lot of cash on the sidelines that will be put to work if you get a little bit of a sign of a resolution here, bill. happy new...
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Dec 18, 2012
12/12
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margin ways, specifically india and china. you have large dividend yield, low debt, very cheap and will hold up better because expectations, there's not many of them. the stock is, i think, a very good opportunity because expectations are so low. >> mack, good to see you. >>> time now for what you might have missed in pops and drops. arcos dorados. >> it's playing it down low. it isn't that great a move. i think you wait to buy it above the 50, $12.90, great stock. >>> baker hughes, up 3%. >> some negative comments, took bhi down and the comments at bhi were not really as negative as the street thought. at $42 a little room on the upside. will take you higher. >> abercrombie. >> too expensive for me. can't get on board here. >> down 1%. >> keep your eyes on your fries. this thing is a big deal. a lot of people in bonds, a lot of flow into bonds. they could head out. i think you see follow through and cut our fixed exposure to 2%. >> mike. >> today, there was news the eu might require larger warning labels on cigarettes, negati
margin ways, specifically india and china. you have large dividend yield, low debt, very cheap and will hold up better because expectations, there's not many of them. the stock is, i think, a very good opportunity because expectations are so low. >> mack, good to see you. >>> time now for what you might have missed in pops and drops. arcos dorados. >> it's playing it down low. it isn't that great a move. i think you wait to buy it above the 50, $12.90, great stock....
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Dec 18, 2012
12/12
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CNBC
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europe appears to be moving in the right direction as is china so the fundamentals are moving in the right direction, but the truth is if washington messes this up, we could go into recession the first part of next year, so that's what's keeping the cautious one on equities. ultimately i think we will finish higher for 2013, but we've got -- we've got to get past this fiscal cliff, because if we don't we go into recession, and i will go underweight stocks. >> all right. we will leave it there. gentlemen and liz ann seaners, good to have you on the program. appreciate it. >> thank you. >> thanks so much. sticking with the market and the economy, ceo co-founder ken langone. >> thank you. merry christmas. >> the co-founder of home depot, a financier, a guy who has his finger on the pulse of global business. that's why we wanted to have you for the whole hour. >> very nice. >> thank you and merry christmas to you as well. what's your take? just got the numbers from okay. here we are, every day worry after worry after worry on this fiscal cliff issue, and we see the numbers from the corpo
europe appears to be moving in the right direction as is china so the fundamentals are moving in the right direction, but the truth is if washington messes this up, we could go into recession the first part of next year, so that's what's keeping the cautious one on equities. ultimately i think we will finish higher for 2013, but we've got -- we've got to get past this fiscal cliff, because if we don't we go into recession, and i will go underweight stocks. >> all right. we will leave it...
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Dec 18, 2012
12/12
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be cooling off going on in china. that exacerbated a selloff in the agriculture commodities and that translated to a selloff in gold and silver as well. what's interesting to note are some reports out from firms talking about what happened in commodities overall. so far this year we have seen losses overall for commodities sector. gold, though, has fared pretty well up 7% year-to-date. back to you, sue. >> thank you so much, sharon. let's bring in jeff kilberg. i know a lot of people are longer term quite bullish on gold. why are we see this pressure taking it apolo the 1700 mark. >> well, sue, i think we saw a knee-jerk reaction initially when boehner came out with plan b. that technically got the ball rolling to the downside. keep in mind one week away from christmas. these holiday markets you can really get pushed around. traders have to be aware on thin volumes. came down to the november 5th low, new low on the close, 1670. right now i think they are stripping out the inflation in gold and really focused on the fi
be cooling off going on in china. that exacerbated a selloff in the agriculture commodities and that translated to a selloff in gold and silver as well. what's interesting to note are some reports out from firms talking about what happened in commodities overall. so far this year we have seen losses overall for commodities sector. gold, though, has fared pretty well up 7% year-to-date. back to you, sue. >> thank you so much, sharon. let's bring in jeff kilberg. i know a lot of people are...